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Unlikely that Canadian economy will accelerate given view that U.S. economy will continue to slow
- By: James Langton
- August 8, 2006 August 8, 2006
- 12:15
Unlikely that Canadian economy will accelerate given view that U.S. economy will continue to slow
Productivity growth slowed by more than 3% while unit labour costs increased by almost 2%
North American stocks will likely trade in a narrow range Tuesday as traders await the Federal Reserve’s decision on interest rates later today.Most rate watchers…
Canadian markets closed Monday
Offsets from commodity prices and further appreciation in the housing market will be moderating factors
U.S., Canadian unemployment rates increase
News may impact U.S. Federal Reserve Board interest rate decision next week
Economy adds 21,600 full time jobs in July
Apple likely to restate financial results
But U.S. markets rally on lower oil prices
Changes would promote greater investment in the province, government says
New Grant Thornton study suggests the Nasdaq TSX-V and AIM offer the most favourable conditions for some companies
Unexpected move deemed necessary to bring CPI inflation back to the target in the medium term
Nortel swings to profit
U.S. markets also gain on strong corporate earnings news
Sales in U.S., Japan lagging due to record-high oil prices
But TD Economics reports that Canada's strong diversification will help prevent it from feeling the full effects of a U.S. slowedown
European, Asian equity fund indices also perform well
Oil prices rise ahead of weekly inventory report
Strong Q2 from Rogers Communications drives market gain
Any downturn will prove to be "mild and transitory," TD says
Nasdaq will become operation as an exchange in other exchange-listed securities on Oct. 1
But private residential construction declines again